Banyan Software Acquires HWA International Inc.
June 30, 2021
Banyan Software, a permanent-capital acquirer of niche enterprise software businesses, has acquired HWA International Inc., a Memphis-based provider of trust accounting software. The deal transfers control from HWA CEO Harry Sullivan to Banyan, preserving the business for the founder’s eventual retirement while positioning HWA for continued investment and growth.
- Buyers
- Banyan Software, Inc.
- Targets
- HWA International Inc.
- Sellers
- Harry Sullivan (CEO, HWA International)
- Industry
- Software
- Location
- Tennessee, United States
- Transaction Type
- Buyout
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